Nancy Lissemore
Nancy Lissemore
investor pleased relationship services successful support
Depositary Receipt Services is pleased to become a part of Citigroup's long and successful relationship with Unilever. We are pleased to support Unilever in the development of its U.S. investor base.
appointed base british delighted enhancing forward goal successor supporting
We are delighted to be appointed successor depositary by British Airways and look forward to supporting the company's goal of enhancing its base of US investors.
activity continued dr forward growth investment strength trading view
In view of the consistent, long-term strength of U.S. investment in non-U.S. equities, we look forward to continued growth in DR trading activity in the future.
billion capital dr driver eight eighty higher major percent primary raised raising trading value
The higher GDR trading value in 2005 was a major driver of the surge in DR capital raising overall. Eighty eight percent of the $10.8 billion raised through primary offerings in 2005 was in GDR form.
achieve addition bonding capital companies corporate dr governance higher improved increase investor premium relations steps strong suggest
These findings suggest that in addition to the valuation premium from cross-listing and bonding to U.S. capital markets, cross-listed companies that take steps to increase their DR liquidity through improved investor relations and strong corporate governance can achieve even higher valuations.